Thursday, January 25, 2007

Rand steady, eyes 7.30/dollar

South Africa's rand was steady against the dollar on Friday, after falling sharply the previous night in tandem with emerging markets, and market watchers did not rule out further weakness during the day.

The rand was trading at 7.27 to the greenback at 0705 GMT, unchanged from its New York close on Thursday. The South Africa currency had earlier on Friday dipped as low as 7.28/dollar.

Read Full Article at Reuters South Africa

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